News Release

INDIANAPOLIS--(BUSINESS WIRE)--March 7, 2005--Republic Airways
Holdings Inc. (NASDAQ:RJET), parent company of Chautauqua Airlines,
today reported preliminary passenger traffic results for February
2005. The company generated 290.0 million revenue passenger miles
(RPMs), a 48.7% increase over the same month last year, while
available seat miles (ASMs) increased to 442.2 million, a 36.9%
increase. Load factor was 65.6% versus 60.4% in February 2004. A total
of 596,870 passengers were carried during the month, a 50.4% increase
over the same month last year.

Chautauqua Airlines offers scheduled passenger service on more
than 700 flights daily to 76 cities in 32 states, the District of
Columbia, Canada and the Bahamas through code sharing agreements with
four major U.S. airlines.

The airline currently operates a fleet of 116 Embraer regional
jets, including 68 ERJ-145s, 15 ERJ-140s, 17 ERJ-135s and 16 Embraer
170's. All of its flights are operated under its major airline partner
brand, such as AmericanConnection, Delta Connection, United Express
and US Airways Express. The airline employs more than 2,400 aviation
professionals.

CONTACT: Republic Airways Holdings
Warren R. Wilkinson, 317-484-6042

SOURCE: Republic Airways Holdings Inc.

"Safe Harbor" Statement under the Private Securities
Litigation Reform Act of 1995: Statements in this press release regarding Republic
Airways Holdings's business which are not historical facts are "forward-looking
statements" that involve risks and uncertainties. For a discussion of such
risks and uncertainties, which could cause actual results to differ from those
contained in the forward-looking statements, see the summary of risk factors contained
in our earnings release.